Fixed index annuity review and rates

Performance Pro

The Performance Pro with GMWB is a Flexible Premium Fixed Deferred Indexed Annuity with a 10 year surrender charge period. The Performance Pro with GMWB also provides a premium bonus of 15% (varies by age) on all premiums received in the first contract year for issue ages 0-75 and 9% for issue ages 76 and above. This bonus is only available when electing the guaranteed lifetime income rider.
In the following states, the vesting bonus rate differs: AK, AL, CA, DE, FL (issue ages 65+), ID, MA, MN, MS, MT, NJ, NV, OH, OK, OR, PA, PR, SC, TX, UT and WA. The vesting bonus in these states is 11% for ages 0-75 and 6% for ages 76 and above. 
The Premium Bonus is subject to a 9 year vesting schedule. The vested account value available to you at any given time for free withdrawals, surrenders, or annuitization includes only the vested portion of the bonus amount at that time. 

The account value available as a death benefit includes 100% of any bonus amounts regardless of the portion vested at that time.
Available in states: AL, AK, AZ, AR, CA, CO, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3% Fixed
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.35% Cap
2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread
Point to Point
Biennial
195% Participation
2-Year S&P 500 PTP Cap
Point to Point
Biennial
13% Cap
3-Year S&P 500 PTP Cap
Point to Point
Triennial
19.5% Cap
1-Year Gold PTP Cap
Point to Point
Annual
6.5% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
6.5% Cap
1-Year Balanced Asset 5 PTP Participation Rate
Point to Point
Annual
150% Participation
2-Year Balanced Asset 5 PTP Participation Rate
Point to Point
Biennial
270% Participation
2-Year Balanced Asset 5 PTP Participation Rate with Spread
Point to Point
Biennial
225% Participation
1-Year GS Global Factor PTP Participation Rate
Point to Point
Annual
140% Participation
2-Year GS Global Factor PTP Participation Rate
Point to Point
Biennial
255% Participation
2-Year GS Global Factor PTP Participation Rate with Spread
Point to Point
Biennial
210% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 14% 13% 12% 11% 10% 8% 6% 4% 2% 1%

Riders

Name Inbuilt Fee
Performance Pro: Enhanced Guaranteed Minimum Withdrawal Benefit Yes 0.10% annually (1.50% max)
Fidelity & Guaranty Life Insurance Company
Founded: 1959
A.M. Best: A-
Fitch: A-
S&P: A-
Moody's: Baa1
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Premium bonus
15%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, IRA, IRA Rollover, TSA 403b, IRA-Roth, Inherited IRA, NQ Stretch, and TSP